Fidelity Total Bond ETF (NYSEARCA:FBND) Sets New 1-Year High at $46.36

Shares of Fidelity Total Bond ETF (NYSEARCA:FBND) hit a new 52-week high on Friday . The company traded as high as $46.36 and last traded at $46.29, with a volume of 133267 shares trading hands. The stock had previously closed at $45.95.

Fidelity Total Bond ETF Trading Up 0.9 %

The business has a fifty day simple moving average of $45.25 and a two-hundred day simple moving average of $45.11. The company has a market cap of $9.25 billion, a PE ratio of 8.85 and a beta of 0.19.

Institutional Trading of Fidelity Total Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Country Trust Bank increased its stake in shares of Fidelity Total Bond ETF by 12.7% in the 2nd quarter. Country Trust Bank now owns 5,960,744 shares of the company’s stock worth $267,816,000 after acquiring an additional 672,872 shares during the last quarter. RFG Advisory LLC increased its stake in shares of Fidelity Total Bond ETF by 3.1% in the 2nd quarter. RFG Advisory LLC now owns 3,689,608 shares of the company’s stock worth $165,774,000 after acquiring an additional 111,480 shares during the last quarter. Legacy Wealth Management Inc increased its stake in shares of Fidelity Total Bond ETF by 2.3% in the 2nd quarter. Legacy Wealth Management Inc now owns 2,874,451 shares of the company’s stock worth $129,149,000 after acquiring an additional 65,956 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Fidelity Total Bond ETF by 31.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,647,000 shares of the company’s stock worth $121,868,000 after acquiring an additional 628,777 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Fidelity Total Bond ETF by 0.8% in the 4th quarter. UBS Group AG now owns 2,440,424 shares of the company’s stock worth $112,357,000 after acquiring an additional 18,964 shares during the last quarter.

Fidelity Total Bond ETF Company Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.